Extra expense insurance

coverage Coverage that may be purchased as a supplement to business income insurance, applying to expediting expenses that aid in quickly restoring the insured’s operations after a covered loss, or it can be the primary coverage sustaining the extra cost of continuing doing business for those insureds who would find it extremely damaging to fail to meet customer commitments, such as newspapers and dairies.

Extra Expenses

Extra funds needed to continue a business uninterruptedly, after damage, applied to dwellings, It is called additional living expenses coverage, and is available through Extra Expenses Insurance, and additional living expenses Insurance.

Extra Perils

Closely allied with Fire Insurance, is the Insurance of certain so called special perils which by tradition are dealt with by the Fire department of Insurance companies. The principal special perils are explosion, riot, civil commotion, aircraft and articles dropped therefrom, storm, tempest, flood water damage, impact damage, spontaneous combustion, spontaneous fermentation, heating combustion.

Extra premium

An additional amount added to the basic premium which may be required because the risk covered is unusually hazardous.
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A charge added to a premium because the regular premium rate does not take into account certain hazards.